Strategy results are shown on SHOP with 10k starting capital and 10k per trade. The strategy enters at next days close after the gap down reversal fires off, and a 5% trailing stop order is also executed. This is important to understand when experimenting with different trailing stops on different symbols and observing results to find the most viable strategy. The discretionary trader may choose to enter at the close, or at the next days open, so understand results are not calculated for those entry points.
You also may alter the start date of the strategy, so you can include, or exclude certain dates.
Experiment with different stops and symbols! More volatile symbols most likely will need looser stops and Vice Versa. Concentrate on symbols in up trends, as "the dips" usually get consistently bought in these names, but hard reversals in downtrends can happen as well.
Any questions/concerns please let me know and happy trading.
2. **** Would like to clarify and rectify an error in description, the strategy enters at next day's open, NOT, next days close, after the gap down reversal occurs.*****
Very nice work.
1. Why did you remove the short side from the script? (seems that it was there.. can you add it again and have an option to select it?)
2. I think that you can get even better odds if you only enter to such e.g. long trade, if a stock is in long term up trend - you can try to get this by any trend indicator (ema-200 eg). what do you think?